Elizabeth Glab @LizGlab Twitter profile

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@LevineToilolo

Elizabeth Glab

@LizGlab

2 months

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Elizabeth Glab

@LizGlab

13 days

"People who feel more offended by a piece of fabric than the killing of 17,000 children have a broken moral compass." Francesca Albanese, UN Special Rapporteur:

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@LizGlab

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Elizabeth Glab

@LizGlab

3 years

Frydenberg intervened to ensure that priests were eligible for JobKeeper, and also to ensure that universities were ineligible. #VoteJoshOut #MonashLens

JobKeeper payments for priests? Is it unlawful - Monash Lens

Priests receiving payments under the federal government's JobKeeper scheme – and passing on some of those funds to the church – is almost certainly unconstitutional, but unlikely to be challenged in...

lens.monash.edu

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@LizGlab

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Elizabeth Glab

@LizGlab

1 year

Japan has low inflation, low unemployment, reasonable growth, & low interest rate. For most current economists this seems impossible. Could it be their 'assumptions' and 'theories' are not of the real world? For economics grounded in reality: ...

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@LizGlab

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@LizGlab

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Elizabeth Glab

@LizGlab

5 months

Some retiring economists are finally making some admissions as to the incredibly flawed neoliberal version of economics.

Economic View: Leading Economists Turn Against Free Trade – “A Flawed Game” - Coalition For A...

Respected economists including Janet Yellen, Mario Draghi, Paul Romer and Angus Deaton have been critical of free trade and globalization in recent weeks.

prosperousamerica.org

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Elizabeth Glab

@LizGlab

1 year

Japan didn't swallow the Maggie Thatcher myth that the federal budget is the same as the household budget. Japan has lower inflation, no currency crisis and its citizens are better off as a result of the monetary-fiscal policy initiatives

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Elizabeth Glab

@LizGlab

2 years

@LukeWMcGregor @cayteya Hamish, how can you say that the LNP want an ICAC? No money ever allocated. Even in this year's budget, $0 was allocated for one! They have been talking about it for 3 years! How can you actually want one when there is zero money?

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Elizabeth Glab

@LizGlab

2 years

@OurNewHomecoach The politicians of both major parties and their mates have corrupted the system. Shouldn't shelter be a human right, especially in a wealthy country? Instead it has become an investment. (And a non productive one at that)

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Elizabeth Glab

@LizGlab

3 years

“They’ve been up to 10 yrs plus living in detention centres. So they can’t really walk out of there and get a job.” RN Sister Brigid, from Brigidine Asylum Seekers Project, points out they are being left to fend for themselves, with no health support from the govt. #Mon4Kooyong

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Elizabeth Glab

@LizGlab

3 years

Under Menzies, unemployment hardly ever went above 2%. Why can't more voters see that the Liberal party of the past no longer exists? Involuntary unemployment was scarcely heard of. “Long-term unemployment” didn’t exist as a statistical category. #Mon4Kooyong #KooyongVotes

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Elizabeth Glab

@LizGlab

7 months

Degrowth is generally a misunderstood concept. Research shows that USA wastes 65% of its economic output on things that do not provide essential or quality-of-life needs. So the economy could be scaled back to decrease its impact on the environment.

Can ‘degrowth’ solve our ecological, social & economic problems?

Economist Tim Parrique speaks with co-host Rachel Donald on this episode of the Mongabay Newscast about the economic model known as “degrowth.”

www.resilience.org

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Elizabeth Glab

@LizGlab

3 years

@mallottk @ScottMorrisonMP @JoshFrydenberg Some of us who are not happy with Frydenberg, have set up Voices of Kooyong.

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Elizabeth Glab

@LizGlab

5 months

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Elizabeth Glab

@LizGlab

2 months

Want to hear about an economics that is actually based in reality? MMT (Modern Monetary Theory) demonstrates a positive path forward as an alternative to our current destructive neoliberal ideology. This is a one-off opportunity to see one of the founders chat with Alan Kohler.

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@LizGlab

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Elizabeth Glab

@LizGlab

2 years

Is there anything Mon can't do? After delivering an inspiring and unforgettable maiden speech, Mon helped me out with my technology.

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@LizGlab

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Elizabeth Glab

@LizGlab

1 month

Huge wealth transfer from ordinary people. Rampant inequality. Nearly half of all wealth is held by the top 10% of households. They hold 15 times the wealth of the lowest 60%. The wealth of the richest 200 was equal to 8% of GDP 20 yrs ago. Now it is 24%.

Wealth gap widening: new report

A UNSW Sydney and ACOSS partnership report has revealed the latest wealth and income inequality data.

www.unsw.edu.au

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@LizGlab

1 month

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Elizabeth Glab

@LizGlab

4 months

You've been told we need taxes to pay for stuff. Simply not true. It's one example of the misinformation and disinformation we have been fed for decades. Taxes don't pay for anything.

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Elizabeth Glab

@LizGlab

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Elizabeth Glab

@LizGlab

7 months

@deniseshrivell In my many random conversations, I occasionally ask whether people think spending $368 billion on submarines that will be out of date when they eventually arrive is a good idea. So far, no-one has said yes. When people are preoccupied with cost of living, a simple message.

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@LizGlab

1 year

@JKSteinberger

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Elizabeth Glab

@LizGlab

2 years

@samanthamaiden In a rational and well functioning society, this would be unbelievable. Unfortunately we have become economic units, ruled by neoliberal myths. Time for a change in our public discourse. We need to replace most economics' courses (& commentators) with e.g.

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Elizabeth Glab

@LizGlab

5 months

There is no historical evidence to support the textbook story of barter & money. Who benefits from the myth that money emerged naturally in the private sector? When in fact; early govts invented the institutions of money & markets. via @ConversationEDU

Where did money come from?

The theory that money emerged naturally encourages people to believe free markets are natural systems in which governments only interfere. But this thinking is flawed.

theconversation.com

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Elizabeth Glab

@LizGlab

17 days

For decades we have been subjected to disinformation on climate etc. Ditto economics. A govt surplus does not imply a growing pile of cash the government can spend later - it involves simply the deletion of dollars from private bank accounts.

Who gives a stuff about the surplus?

Even those who might care about being 'back in black' seem underwhelmed by Chalmers’ latest victory lap.

www.crikey.com.au

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Elizabeth Glab

@LizGlab

1 month

At launch of Prof Bill Mitchell's book, Modern Monetary Theory. With Alan Kohler. A wide ranging discussion, incl Job Guarantee, & the reality about surpluses & debts. A welcome change from the usual theoretical twaddle that emanates from most mainstream economists & polllies.

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Elizabeth Glab

@LizGlab

2 years

@spenderallegra A Finnish education expert, currently at an Australian uni, has been offering advice for the last few years. @pasi_sahlberg Neither party is interested in taking meaningful action. More proof of the corruption and ineptitude of the 2 party system.

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Elizabeth Glab

@LizGlab

3 months

They don't call it "austerity" any more, "austerity" got a bad name because it killed people. Now they call it "fiscal rules", but it will still kill people, and at the same time, will allow a few to become enormously rich(er).

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2 years

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Elizabeth Glab

@LizGlab

8 months

I saw this film last week at the National Sustainability Festival. It's fascinating, and debunks neoliberal myths in an intelligible manner. We need an economics that is focussed on human and planetary wellbeing. Many people experienced an epiphany.

Breakthrough

@BreakthroughCCR

8 months

Don't miss this must see documentary 'Finding the Money' Exploring the link between climate action and economics. Featuring Stephanie Kelton, a world leading expert on Modern Monetary Theory and served as chief economist on the U.S. Melbourne, Feb 28th:

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@LizGlab

11 months

1 economist made the list. Bill Mitchell is one of a few economists whose work is based in reality. As cofounder of MMT (Modern Monetary Theory) he works to promote active govt policies & use of fiscal deficits as a tool to enhance well-being and environmental sustainability.

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Elizabeth Glab

@LizGlab

1 year

@AmyRemeikis In Norway, there are no such secrets. Anyone can find out how much anyone else is paid.

Norway: The country where no salaries are secret

In Norway, anyone can find out how much anyone else is paid, and it rarely causes problems, writes Lars Bevanger.

www.bbc.com

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Elizabeth Glab

@LizGlab

1 year

Economists & politicians decided that unemployment is needed (debatable); so deliberately engineered our society to fulfill this purely theoretical construct So why are the unemployed denied their basic needs? Maybe to dampen the bargaining power of the already-employed

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Elizabeth Glab

@LizGlab

1 year

“The only function of economic forecasting is to make astrology look respectable,” John Kenneth Galbraith.

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Elizabeth Glab

@LizGlab

2 years

@JaneCaro If you are interested in a positive alternative to the destructive neoliberal myths; I would suggest looking into a combination of MMT (Modern Monetary Theory) and Ecological economics. e.g.

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Elizabeth Glab

@LizGlab

3 years

People of Kooyong have noted the contrast in attitude and rhetoric by Frydenberg and his government. #VoteJoshOut #KooyongVoices

Hayden O'Connor

@HaydenJOConnor

3 years

All of my Twitter notifications are just Tweets of #VoteJoshOut , which is still trending (at number 12), after trending 1-3 for a good portion of the day. It seems that your seat of Kooyong is at risk @JoshFrydenberg #auspol #KooyongVoices

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Elizabeth Glab

@LizGlab

2 years

Randomly chatting to normal people, they are invariably aghast to hear the irrational and damaging myths being taught. "... the massive, stubborn, fiercely-defended and never-corrected ignorance of ‘mainstream’ economists on money, banking and finance.”

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Elizabeth Glab

@LizGlab

2 years

@OurNewHomecoach I remember sitting in MBA lectures at Melb. uni in the late 80's thinking, he has to be joking. Privatising everything was only one of the countless simplistic nonsensical myths that was stated as fact. Many of them are still being taught in most unis e.g. infinite growth

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Elizabeth Glab

@LizGlab

2 years

@AmyRemeikis The blind acceptance by most economists and public commentators of the neoliberal version (myths) of economics, enables this tragedy. If we want significant change, we need to adopt a different lens. Namely, a combination of MMT (Modern Monetary Theory), and Ecological economics

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Elizabeth Glab

@LizGlab

2 years

When will most commentators on economics wake up to reality? They are playing with people's lives. Thanks to Steven Hail, Alan Kohler, Gareth Hutchens, Richard Denniss, and others who care about facts.

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Elizabeth Glab

@LizGlab

3 months

Facts about our inflation. (Not the myths that so many mainstream economists and politicians keep spouting.)

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Elizabeth Glab

@LizGlab

1 year

Since federation almost all Australian budgets have been in deficit. The myth, perpetrated by Thatcher & Reagan, that deficits are bad is demonstrably false. Politicians hide behind this myth when it suits them. Yet magically, they find $368 billion for useless submarines.

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@LizGlab

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Elizabeth Glab

@LizGlab

3 years

Who thinks it is merely coincidence that Josh's servility happens to be to the law firm that represented him, allegedly pro bono, in his citizenship case? Also, where is his belief in the free market? #Mon4Kooyong #AusPol2022 #VoteJoshOut

Ellie/ Ex IPA TROLL ⭐️NO TO AUKUS ⭐️

@elliemail

3 years

Oh dear Josh Frydenberg, you seem to have outsmarted yourself. 3 cheers … 🔴 #OUCH ❗️ 🔴 #OUCH ❗️ 🔴 #OUCH ❗️ ⚠️Another #LNPFail ❗️ 🔴 #Auspol

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@LizGlab

6 months

Modern monetary theory is challenging current economic textbooks. "This shouldn’t be controversial. The film Finding The Money looks at why politicians hide behind economic “myths” rather than explain to voters the trade-offs required to help them."

The Guardian view on rethinking economics: a discipline in disarray holds too much sway in the UK |...

Editorial: Gordon Brown challenged Conservative ideas to fix the economy. His successors unfortunately will not

www.theguardian.com

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Elizabeth Glab

@LizGlab

3 years

If you are feeling powerless and want better representation in Canberra; check out the many 'Voices of' groups listed in Wikipedia's list of grassroots political engagement groups in Australia.

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Elizabeth Glab

@LizGlab

2 months

Groupthink! “narrow gatekeeping & a steep hierarchy of prestige foster groupthink overseen by a self-perpetuating priesthood...When career incentives & social pressures concentrate influence in a small group, neither big policy mistakes nor petty personal abuse should surprise.”

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Elizabeth Glab

@LizGlab

3 years

@Judith54Nunn @JoshFrydenberg

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@LizGlab

2 months

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Elizabeth Glab

@LizGlab

8 months

Ad from the 1970's.

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Elizabeth Glab

@LizGlab

7 months

@GrogsGamut A typical warped view of reality displayed by most economists. Since doing my MBA at Melbourne uni in the late 80's, I have never ceased to be amazed at the nonsense that most mainstream economists spout.

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@LizGlab

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Elizabeth Glab

@LizGlab

2 years

So true! Economics in my MBA at Melb uni was sterile, ideological and unrealistic. The combination of MMT and Ecological Economics has been a revelation for me.

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@StevenHailAus

2 years

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Elizabeth Glab

@LizGlab

3 years

Yes, a sad reality. But in Kooyong, we aim to achieve a 7% swing, and change political discourse and action. #TNL #VoteJoshOut

Victor Kline

@victorklineTNL

3 years

Whenever we propose something which was once a basic aspect of Aust government like real full employment, the elimination of poverty, job security, and world class public education, many, even progressives, say we are utopian. Such is the Lib/Lab brainwashing of the last 30 years

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Elizabeth Glab

@LizGlab

2 years

This is at the heart of neoliberalism. In their version of economics, they ignore human well being and behaviour, and our ecology. Simple. Economic courses and commentators need to cut the neoliberal myths and take ecological economics and MMT seriously.

Prof. Feynman

@ProfFeynman

2 years

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Elizabeth Glab

@LizGlab

3 years

@theprojecttv I wish you had challenged the minister when he said, it had never been dealt with before. NONSENSE. Victoria managed it just recently. Not to mention his distraction when mentioning deaths in Victorian aged care; ignoring the fact that aged care is a federal responsibility.

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Elizabeth Glab

@LizGlab

5 months

@MrRexPatrick @MarkDreyfusKCMP Australia drops 12 places in just 12 months to 39th in the world for press freedom.

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Elizabeth Glab

@LizGlab

7 months

On Friday night I had the pleasure of seeing 'Finding The Money' for a second time. This was topped off with chatting with some remarkable women. If you want to hear from an economist who is connected to reality, watch Stephanie Kelton on Q+A tonight.

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Elizabeth Glab

@LizGlab

1 year

I think I'm going to stop calling wealthy, industrialized nations "developed countries." There's definitely nothing 'developed' about overshooting planetary boundaries, increasing inequality and decreasing well being. Maybe "over-consuming", "exploitative" or unsustainable?

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Elizabeth Glab

@LizGlab

2 years

Most of our universities and public commentators keep peddling the insane idea of infinite growth. For a realistic and rational alternative, check out MMT (Modern Monetary Theory) and Ecological Economics. e.g.

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Elizabeth Glab

@LizGlab

7 months

On Friday night I had the pleasure of seeing 'Finding The Money' for a second time. If you want to hear from an economist who is connected to reality, watch Stephanie Kelton on Q+A tonight.

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Elizabeth Glab

@LizGlab

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@LizGlab

2 years

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@LizGlab

2 years

We need an economy based on a combination of MMT (Modern Monetary Theory) and Ecological Economics. Neoliberalism has wreacked more than enough havoc over the last 40 years.

TrueNorth

@TrueNorthNewsAU

2 years

But our economy is strong 🤦‍♀️ #auspol

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Elizabeth Glab

@LizGlab

2 years

Mainstream economists pretend that economics is simply the allocation of scarce resources among competing ends. They blithely ignore obvious facts that humans and the environment are involved. We need to shift to Ecological Economics, MMT, etc.

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Elizabeth Glab

@LizGlab

2 years

@DrCameronMurray As with so many aspects, Finland. Happiest country 5 years in a row. Also, top resilience against misinformation. .

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Elizabeth Glab

@LizGlab

8 days

Privatisation in Australia has been a gigantic transfer of public wealth into private hands. The problem is the neoliberal creed of government held by BOTH major parties still believe private profit is always more efficient. via @MichaelWestBiz

Privatisation: is the jury really still out after 30 years? - Michael West

Privatisation in Australia has been a gigantic transfer of public wealth into private hands - Qantas, toll roads, airports, electricity

michaelwest.com.au

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Elizabeth Glab

@LizGlab

5 months

"Elite universities are hedge funds attached to real-estate empires run by right-wing billionaires with lucrative research arms enmeshed with the military-surveillance state and a side hustle in education that make their vast holdings tax free."

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Elizabeth Glab

@LizGlab

2 years

@Mon4Kooyong Is this a possible way to get round the intractable issue of January 26?

Peter Martin

@1petermartin

2 years

✅ May 9 was the day the first national parliament was opened in Melbourne in 1901, the day Canberra's first parliament house was opened in 1927, and the day the new and permanent parliament house was opened in 1988 #australiaday #changethedate #auspol

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Elizabeth Glab

@LizGlab

11 months

I recently attended an economics conference in Canberra. Our current neoliberal version of economics is clearly drastically failing us; both environmentally and socially. Positive ways forward include Doughnut Economics and MMT (Modern Monetary Theory).

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@LizGlab

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@LizGlab

18 days

Anybody surprised? I reckon a comparable study in Australia would generate a similar conclusion.

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Elizabeth Glab

@LizGlab

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Elizabeth Glab

@LizGlab

2 years

@BrentHodgson @JoshFrydenberg Before the start of the Candidate forum, a friend came in and told me he had just seen Josh go into the Glenferrie hotel.

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Elizabeth Glab

@LizGlab

1 year

When the Greens are allowed the opportunity to respond to NIMBY claims, they really do make the major parties look stupid. Unlike the ALP, the Greens are proposing productive policies.

ABC News

@abcnews

1 year

Why did Greens Housing Spokesperson Max Chandler-Mather oppose new housing supply being built in his own electorate? The MP responds on #Insiders #auspol

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Elizabeth Glab

@LizGlab

2 years

@martinrev21 If you check the stats comparing African emissions with ours, I think you will find that over consumption is more of an issue.

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Elizabeth Glab

@LizGlab

1 year

Anybody surprised by this? Anybody believe the myth that 'the market' is best at solving problems, with negligible government oversight? McDonald’s Leads Lobbying Offensive Against Laws to Reduce Packaging Waste in Europe via @DeSmog

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@LizGlab

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@LizGlab

1 month

Big corporations and their cronies have excelled at shifting the responsibility from themselves, and dumping it onto the individual. Neoliberal economics in full flight.

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Elizabeth Glab

@LizGlab

2 years

@grhutchens Not answering your question, but I can't resist mentioning that insects can't survive in short cut lawns.

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Elizabeth Glab

@LizGlab

2 years

When will more mainstream economists wake up?

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Elizabeth Glab

@LizGlab

16 days

The tragic lack of understanding is preventing our society and economy from moving forward in a constructive way.

Steven Hail

@StevenHailAus

16 days

A surplus is not generally good and is often bad; a deficit is not generally bad and is in fact the normal outcome; and this journalist, like so many others, including the current RBA Governor and the Treasurer, genuinely (still) does not understand how monetary systems work.

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Elizabeth Glab

@LizGlab

2 years

Another example of the failures of neoliberal myths. Most ordinary people can see that private markets are not inevitably superior to government run. Why won't most mainstream economists and politicians do the right thing?

Scott Hamilton

@SDHamiltonVIC

3 years

Robber barons and high-speed traders dominate Australia’s water market. “Sucking hundreds of millions of dollars each year out of the Murray-Darling Basin” @SDHamiltonVIC @UniMelb & @StuartKells @latrobe @ConversationEDU #SoldDownTheRiver out now!

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